Personal Finance Unit 5

12 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
Creative financing
Non-traditional ways of real estate financing
Loan
Use of something that isn't yours for a fee
General ledger
Summary of all actions that occur in a company
Trial balance
Listing of the account names and the sum of account balances in a general ledger.
Net revenue
Amount of money received by a company
Balance Sheet
Statement that shows assets, liabilities, and equity of a company.
Cash flow statement
One of the main financial statements that reports cash generated and used during a time period
Payroll
Management tool used to pay employees
Payroll register
Provides a summary of payroll information
Employee earnings record
Provides comprehensive history of amounts earned by each employee per year.
Profit mapping
Method for managing business improvement and execution
Margin of safety
How much sales can fall before a business starts taking a loss.